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International Relations, PUBLICATIONS

European Fund for Sustainable Development (EFSD) [EU Legislation in Progress]

Written by Marta Latek (2nd edition),

Water Being Poured On Plants Wrapped With Euro Bills

© Andrey Popov / Fotolia

The Commission took the opportunity provided by the September 2016 mid-term review/revision of the MFF 2014-2020 to propose the creation of a new innovative financial instrument – the European Fund for Sustainable Development (EFSD). The EFSD is part of the partnership framework for cooperation with countries with high irregular emigration and is one of the pillars of the new external investment plan, inspired by the success of the investment plan for Europe. The proposed fund aims to mobilise EU grants to catalyse investment from public and private sources to tackle the root causes of migration in the European neighbourhood and Africa, while helping to achieve the 2030 Agenda Sustainable Development Goals. Some NGOs have voiced concern regarding the migration compacts themselves, and the proposal for the new fund, fearing the use of development policy resources for migration management purposes and in pursuit of European private sector interests. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Versions

Proposal for a regulation of the European Parliament and of the Council on the European Fund for Sustainable Development (EFSD) and establishing the EFSD guarantee and the EFSD guarantee fund
Committee responsible:

 

Rapporteur:

Shadow rapporteurs:

 

 

Foreign Affairs (AFET), Development (DEVE), and Budgets (BUDG) jointly under Rule 55

Doru-Claudian Frunzulică (S&D, Romania)

Eduard Kukan (EPP, Slovakia)

Eider Gardiazabal Rubial (S&D, Spain)

 

COM(2016) 586 14.9.2016

2016/0281(COD)Ordinary legislative
procedure (COD)

(Parliament and Council on equal footing – formerly ‘co-decision’)

Next steps expected: Initial discussions in joint committee meeting

Timeline

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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